Posted for a client, Rick of dollars.com, who's launched an intriguing service (I have no idea of whether this will fly or not..)

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P R E S S R E L E A S E

Atlanta, GA – Rick Latona, a successful internet entrepreneur, announces the successful launching of www.DigiPawn.com a new web site dedicated to making loans on intellectual property assets such as domain names. While DigiPawn.com loans money on mostly domain names, we also loan money on other digital assets and intellectual property like active websites, content, patents, trademarks and more.

Customers of DigiPawn.com retain the use of their assets during the period of the loan allowing customers to access quick cash, while still managing their online business. DigiPawn.com is a licensed pawn broker in the state of Georgia, USA, so customers can feel secure that their assets are protected by U.S. and state pawnshop laws.

DigiPawn.com is aggressively seeking new customers who need quick cash with NO credit checks or applications. No loan is too small or too big as DigiPawn.com makes loans between $100 and $1,000,000. Please visit www.digipawn.com for more information and to request a loan evaluation.

DigiPawn.com has very strong financial backing, starting with the founder, Rick Latona, who started in the Internet business in 1997 with Interland, Inc. (NASDAQ: INLD) where he held founder shares and was the VP of Sales and the Managing Director of European Operations. Mr. Latona also owned and operated a pawnshop in Lakeland, Florida. Mr. Latona also personally owns thousands of domain names and is very involved in the domain resale market, which makes him uniquely qualified to run a business like DigiPawn.com.

nice info thanks for the release,know this guy personally?
do u think it will work, i will check the link by the way.

the link isn't working though..

Originally posted by newbee
the link isn't working though..

Guess the pawn ticket on it has passed due.

the link had a comma in it...

Actually I've met Rick when I was down at the Traffic Conference. Interesting fellow to say the least. Very driven. I think the project will be a success as this was an idea that was destined to come out sooner rather then later.

Like I said in anouther thread, this isn't new. iplender.com were doing it before the dotcom crash.

Not very well, though. it appears.

yeah, i thought someone had just mentioned this concept the other day...

interesting, good luck to him

I'm not quite sure I see a market for this, the idea of a pawn broker doesn't seem to sit well with lending money on business type assets.

The site definately needs contact information on it, giving an impession of trust should be a number one priority.

Originally posted by ILikeInfo
Guess the pawn ticket on it has passed due.

LOL

true, trust would be the critical ingredient...

seems like a creative way to:

1. get a good domain at a good price if they default on payments... cuz he decides what he'll loan for a name

2. if they don't default, i'm sure he'll make a handsome interest rate


and the domainer gets his/her hands on some quick cash using the domain as an asset... i'll be curious to see how it plays out for him...

domain shark

Originally posted by snoopy
I'm not quite sure I see a market for this,

His valuations will be far more meaningfull than the domain valuation company's.

The boom days really are back!

http://news.bbc.co.uk/1/hi/sci/tech/533455.stm

Originally posted by namethink
The boom days really are back!

http://news.bbc.co.uk/1/hi/sci/tech/533455.stm

Tuesday, 23 November, 1999, 13:29 GMT

You just come back from the Dr Who thread?